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There's also the fact that historically, wealth was based on gold, land or other tangible things. Bezo's fortune exists on paper and in computers. Those ancien
by grawprog 9y ago
There's also the fact that historically, wealth was based on gold, land or other tangible things. Bezo's fortune exists on paper and in computers. Those ancient wealthy people were far more wealthy in actual things.
- hkmurakami 9y ago? Paper and computers can be converted into gold or land.
- grawprog 9y agoYa some of it can be. But Bezos can never get that full amount he's 'worth' in tangible real wealth. Where as you literally had to have mountains of treasure and gold or some kingdoms to be that rich in the past.
- hkmurakami 9y agoWould you count US dollar bills as tangible real wealth? Because dollar bills are just as intangible as liquid securities. It has value because we've agreed it has value.